黑料门University Employees' Retirement Plan (LUERP)
NOTICE TO LUERP AND 403(B) PLAN PARTICIPANTS
In early December 2024, 黑料门University Chicago (“LUC”) was verbally notified by Legacy Professionals, LLP (“Legacy”) that Legacy had experienced a data breach. For more information regarding this breach, please read the university's .
You may visit the tool at any time to determine the estimated value of your retirement account.
Your 黑料门retirement benefits are an important part of your total compensation today and a key to your financial security for the future. LUERP and other qualified pension plans offered by your employer, together with Social Security and your personal savings, are intended to provide you with income during retirement.
LUERP was established in 1949 and has since been amended many times to provide greater benefits, offer additional payment options, create more flexibility for participants, and comply with new legislation. The plan was most recently amended effective January 1, 2008. The current plan provisions are reflected on this site.
- The plan provides retirement benefits to approximately 6,000 regular full and part-time employees at seven Jesuit institutions that have met the plan's eligibility, participation, and vesting requirements. LUERP is a frozen 401(a) qualified defined benefit plan which entitles vested participants to a monthly benefit at age 65 for the remainder of their life.
The plan uses one of two formulas to determine the participant's monthly benefit amount.
- The formulas factor in the number of years of benefit service worked at a participating employer and the participant's final average earnings up to the freeze date. Whichever formula results in a larger benefit equals the participant's monthly benefit at age 65 retirement.
- More information may be found in the Summary Plan Description (SPD). The SPD is a document that is intended to explain the LUERP Plan in terms that are easy to understand.
Your benefit may be distributed to you after you are no longer employed by any of the LUERP participating employers.
You may visit the tool at any time to determine the estimated value of your retirement account.
|
Facts |
Resources |
Financials |
|
Annual Financial Statements (see below) |
||
|
Annual Report (5500) (see below) |
Please note: The LUERP froze in 2004. If you were hired in 2003 you may not be eligible for this benefit because a one year "waiting period" was required in order to become a participant. All eligibility, participation, and benefit accruals ceased as of the Plan Freeze date.
For questions regarding LUERP, you may contact:
Pamela Watters, LUERP/DB Manager
Phone: 312.915.7925
pwatters@luc.edu
or
Vacant, LUERP/DB Coordinator
Phone: 312.915.7209
luerp@luc.edu
LUERP Form 5500
- FORM 5500 - 2023 (PDF)
- FORM 5500 - 2022 (PDF)
- FORM 5500 - 2021 (PDF)
Annual Financial Statements
Contact
For questions related to the 黑料门University Employee Retirement Pension (LUERP) plan that was frozen in 2004, please email luerp@luc.edu or call 312-915-7209 / 312-915-7925.
NOTICE TO LUERP AND 403(B) PLAN PARTICIPANTS
In early December 2024, 黑料门University Chicago (“LUC”) was verbally notified by Legacy Professionals, LLP (“Legacy”) that Legacy had experienced a data breach. For more information regarding this breach, please read the university's .
You may visit the tool at any time to determine the estimated value of your retirement account.
Your 黑料门retirement benefits are an important part of your total compensation today and a key to your financial security for the future. LUERP and other qualified pension plans offered by your employer, together with Social Security and your personal savings, are intended to provide you with income during retirement.
LUERP was established in 1949 and has since been amended many times to provide greater benefits, offer additional payment options, create more flexibility for participants, and comply with new legislation. The plan was most recently amended effective January 1, 2008. The current plan provisions are reflected on this site.
- The plan provides retirement benefits to approximately 6,000 regular full and part-time employees at seven Jesuit institutions that have met the plan's eligibility, participation, and vesting requirements. LUERP is a frozen 401(a) qualified defined benefit plan which entitles vested participants to a monthly benefit at age 65 for the remainder of their life.
The plan uses one of two formulas to determine the participant's monthly benefit amount.
- The formulas factor in the number of years of benefit service worked at a participating employer and the participant's final average earnings up to the freeze date. Whichever formula results in a larger benefit equals the participant's monthly benefit at age 65 retirement.
- More information may be found in the Summary Plan Description (SPD). The SPD is a document that is intended to explain the LUERP Plan in terms that are easy to understand.
Your benefit may be distributed to you after you are no longer employed by any of the LUERP participating employers.
You may visit the tool at any time to determine the estimated value of your retirement account.
|
Facts |
Resources |
Financials |
|
Annual Financial Statements (see below) |
||
|
Annual Report (5500) (see below) |
Please note: The LUERP froze in 2004. If you were hired in 2003 you may not be eligible for this benefit because a one year "waiting period" was required in order to become a participant. All eligibility, participation, and benefit accruals ceased as of the Plan Freeze date.
For questions regarding LUERP, you may contact:
Pamela Watters, LUERP/DB Manager
Phone: 312.915.7925
pwatters@luc.edu
or
Vacant, LUERP/DB Coordinator
Phone: 312.915.7209
luerp@luc.edu